Future-proofing Insurance
Insurers are transforming to be seen as partners in risk management, aligning their interests with those of their policyholders to create more tightly-knit “financial safety nets” for a safer and resilient future. The transformation is reflected in how modern insurers identify risks in new and traditional industries with a focus on transformative technologies.
HCLTech works with leading global insurance companies to embrace technology across value chains, following an award-winning value creation model. Our approach is to aggregate our unique capabilities in industry cloud, traditional AI and GenAI, IoT, telematics and data analytics and transform them into integrated platforms and solutions for insurers.
Explore Our Insurance Solutions
Choose from our suite of solutions to develop new coverage capabilities for a secure and confident future ahead.
Closed book administration and insurance operations
Drive operational efficiency and cost reduction through industry-recognized services, frameworks and automation that empower insurers to fund transformation initiatives.
Insurance on cloud
Achieve cloud adoption and migration to accelerate business impact, drive customer acquisition and retention and improve experience.
Digitally transforming policy, claims and distribution system
Accelerate digital transformation to achieve superior performances, data-driven insights and enhanced policyholder and partner satisfaction.
Insurance as a service
Reimagine business functions to unlock business value across the insurance value chains, such as new business, policy servicing, claims management, underwriting, distribution management and more.
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Testimonials
Hear from our customers and partners.
“HCLTech has been paramount in building digital at scale through technology and innovation. Our evolving partnership has not only been a convergence of experience and technology but has also supercharged our ecosystem to create memorable customer experiences.”
Koos van der Veen
IT Director, Aegon Netherlands
“The collaboration between HCLTech and Pega creates a terrific combination of technological expertise and innovative solutions to supercharge remarkable business transformation for our clients.”
Alan Trefler
Founder & CEO | Pegasystems, Inc.
“HCLTech and Aegon have a history of a longstanding partnership driven by technologies, innovations and shared values. The collaboration over the years has evolved and supercharged innovation across our IT ecosystem to deliver exceptional digital experiences to our customers, ensure continuous progress and proactively manage IT operations ensuring greater resilience.”
Jasper Buschgens
Senior Capability Lead, Aegon Netherlands
Why HCLTech for Insurance
Enterprise Transformation?
As new players are joining the incumbents, the insurance industry is becoming more competitive than ever before. To tap into the potential of the competition, insurers are adopting transformative technologies across the length and breadth of their enterprises. This is highly disruptive as it allows them to shift to new business models, deliver superior experiences to customers and introduce more customer-centric value propositions.
HCLTech is a technology powerhouse with a massive heritage of engineering and a broad portfolio of technology offerings. We are working with global insurance organizations to drive their technology strategies and deliver impactful business outcomes.
Of top 10 life and P&C firms
Insurance-specific strategic partnerships
Digital and co-innovation labs to support customers across geographies
Accelerating the Journey of Innovation
Drive innovation and achieve greater sustainability with services that form the bedrock of our insurance transformation approach. These services are committed to providing the necessary support and infrastructure for a seamless transition. By leveraging these, we ensure a robust foundation for our partners that enables efficient operations, streamlined processes and enhanced customer experiences.
Core systems
Implementation, upgrades, maintenance and modernization of legacy core systems
Intelligent automation
End-to-end process automation through the unstructured intake, process orchestration, AI/ML, digital experience and RPA solutions
Migration
Portfolio migration solutions covering core systems as well as surround systems
Data and insights
Implementation of cloud-based solutions, enterprise data strategy, AI/ML use cases and compliance for insurance
Business operations
Effective, agile and insight-driven operations across the insurance lifecycle
Application transformation for a North American insurance group
HCLTech Cloud Native Labs (CNL) aided a North American insurance group to modernize its outdated application and methodologies.
Insights
Discover Innovations Shaping the Insurance Industry
CXOs Perspective on Data, Innovation, and Cultural Transformation
It provides insights into the challenges of AI-led transformation in BFSI GCCs and explores how leaders from various financial institutions perceive these challenges to drive innovation.
HCLTech Named A Leader and Star Performer in Everest Group’s Application and Digital Services (ADS) in Property & Casualty (P&C) Insurance PEAK Matrix® Assessment 2023
Everest Group recently released its report titled Application and Digital Services (ADS) in Property & Casualty (P&C) Insurance PEAK Matrix® Assessment 2023.
Achieving stability and availability through full stack Observability
We helped a large global fintech company enhance platform reliability and performance by leveraging full-stack, domain-led observability solutions.
Modernizing insurance: Key tech trends and industry shifts leading the change
Srinivasan Varadharajan, Senior Sales Director at HCLTech, discusses the pivotal role of digital innovation in reshaping the insurance landscape and driving industry advancements
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